Lng Tankers News

French engineering company GTT has received an order from a Chinese shipyard for the tank design of eight new very large liquefied natural gas (LNG) carriers.GTT will design the tanks for the eight LNG carriers, which will each offer five tanks with a total capacity of 271,000 m3.The tanks will be fitted with the NO96 Super+ membrane containment system developed by GTT.Delivery is scheduled between the second quarter of 2028 and the fourth quarter of 2029.No further details have been disclosed by the company at the time of the announcement.

Denmark-based marine pump specialist Svanehøj has taken over California-based Complete Cryogenic Services, a specialist in service and overhaul of submerged pumps on LNG tankers."The number of LNG tankers globally has grown by around 40% in the last five years, and 2022 was a record year with more than 200 new contracts signed. With this, an attractive service and aftersales market emerges, in which Svanehøj is determined to gain market share," the company said,Therefore, Svanehøj decided to acquire Complete Cryogenic Services (CCS) in Tustin…

Cool Company Ltd. (CoolCo) has agreed to sell the Golar Seal vessel for $184.3 million. The transaction is expected to close on the redelivery of the vessel from its current charter in late March.The unnamed buyer will assume all costs associated with the vessel’s forthcoming dry-dock, increasing the effective economic value to CoolCo to approximately $190 million.Richard Tyrrell, CEO, said: "Through the sale of the Golar Seal, the earliest vessel in our fleet to be built, we are demonstrating our disciplined approach to locking in shareholder value. "The valuation highlights the re-pricing of the LNG carrier market and the strategic value of such LNG infrastructure assets.

QatarEnergy has signed a 27-year deal to supply China's Sinopec with liquefied natural gas (LNG), the longest such LNG agreement so far as volatile markets drive buyers to seek long-term deals. Following Russia's invasion of Ukraine in February, competition for LNG has become intense, with Europe in particular needing vast amounts to help replace Russian pipeline gas that used to make up almost 40% of the continent's imports."Today is an important milestone for the first sales and purchase agreement (SPA) for North Field East project…

U.S. producers of liquefied natural gas (LNG) boosted exports to Europe in September even as a plant outage kept overall shipments below the average for the first eight months of 2022, Refinitiv Eikon data showed on Monday.A June fire at the United States' second-largest exporter Freeport LNG has the country's output below its full processing capacity even as demand and prices for the superchilled gas soar on European buyers seeking alternatives to Russian gas.A total of 87 cargoes departed from U.S.

ConocoPhillips said on Thursday it would take a 30% equity stake in Sempra Energy's Port Arthur liquefied natural gas (LNG) plant in Texas, as the U.S. oil and gas producer expands its LNG business to meet soaring demand.Western sanctions on Russian fuel has choked an already undersupplied market and sent buyers scrambling for the heating fuel.

Flex LNG has secured charters for for Flex Rainbow, Flex Enterprise and Flex Amber LNG carrires, adding $750 million of fixed backlog in total.Flex LNG and the charterer of Flex Enterprise and Flex Amber, an unnamed "supermajor", have agreed to replace the existing variable time charters which are due October 2023 and March 2024 with new fixed hire time charters. The duration of each of the new time charters is seven years. The new time charters will start in the third quarter of 2022, end expire in the third quarter of 2029.Additionally, Flex LNG and the charterer of Flex Rainbow, which Flex LNG said was a "large global trading company"…

NYK-affiliated company France LNG Shipping has secured a long-term charter contract for a new liquefied natural gas (LNG) carrier with EDF LNG Shipping SAS. The newly built LNG carrier is scheduled for delivery in 2025 from Hyundai Samho Heavy Industries Co. Ltd. This is the fourth NYK vessel on a long-term time-charter contract with the EDF Group.The newly built LNG carrier will be propelled by a WinGD-built, dual-fuel slow-speed diesel engine. The carrier will also feature an Air Liquide–manufactured*** Turbo-Brayton refrigeration system that can tap surplus boil-off gas.

Squadron Energy, the private company building Australia's first LNG import terminal, expects its Port Kembla facility in New South Wales to be ready to take its first gas shipment by the end of 2023, its commercial director said on Tuesday.Squadron Energy, owned by Australian mining billionaire Andrew Forrest, is vying against four other proposed LNG import projects looking to fill a shortfall in gas supplies expected in southeastern Australia from as early as 2024, and across eastern Australia from 2027.Earthworks at the Port Kembla site about 90 kilometers (56 miles) south of Sydney have bee

A tanker, the Yiannis, arrived near Venture Global LNG's Calcasieu Pass liquefied natural gas (LNG) export plant in Louisiana on Monday and could be first vessel to pick up a cargo at the facility, according to data from Refinitiv.Last week, Venture Global sought permission from federal energy regulators to load the first commissioning cargo from Calcasieu Pass.Venture Global asked the U.S. Federal Energy Regulatory Commission (FERC) to authorize the first cargo before Feb. 9 so the company could load that cargo on or after that date.Officials at Venture Global were not immediately available to comment on whether the Yiannis would be the first tanker to pick up LNG at the facility.Calcasieu started producing LNG around Jan.

Singapore LNG Corp is making inquiries about buying LNG cargoes from the spot market, a rare move for the operator of the city-state's liquefied natural gas (LNG) terminal, industry sources said on Wednesday.The inquiries come on the back of surging prices globally of power generation fuels such as LNG and coal, amid power shortages from China and India to Europe.SLNG contributes to Singapore's energy security and its terminal supplies up to 30% of the city state's natural gas demand for power generation…

ABS, Hudong–Zhonghua Shipbuilding (HZS), and Wärtsilä have teamed to develop a flexible, future-ready, and modular concept for a future multi-fuel electric Liquefied Natural Gas Carrier (LNGC) vessel.The project will, partners say, apply various decarbonization technologies and solutions to the vessel design and operation models to investigate its performance against the International Maritime Organization’s (IMO’s) Carbon Intensity Indicator (CII) up to at least 2050."The LNGC will be highly flexible…

Japan's NYK Line said Wednesday it had, as part of Diamond LNG Shipping 6 consortium, taken delivery of the Diamond Gas Victoria LNG gas carrier.The LNG carrier will transport LNG from British Columbia for the LNG Canada project, as well as from other locations around the world, under a long-term time-charter contract with Diamond Gas International, a subsidiary of Mitsubishi Corporation (MC), which has a stake in the LNG Canada project.The vessel was built at Hyundai Samho Heavy Industries and is owned by NYK, Asia LNG Transport Dua Sdn. Bhd.

Liquefied natural gas (LNG) prices are poised for more gains as gas-hungry China guzzles cargoes to feed a rebound in economic growth while the easing of coronavirus-induced restrictions restores industrial demand in India.Higher oil and coal prices have also helped lift global gas prices with spot Asian LNG prices <LNG-AS> doubling in just three months."We believe this has been driven by a tightening of Asian LNG balances led by strong generation demand in southern China at the same time that South Korea reached peak nuclear maintenance…

DNV has granted an Approval In Principle (AIP) to PASSER Marine for the development of a new LNG fuel tank insulation system.The new concept is designed for prismatic ‘type B’ LNG tanks - which according to IMO rules require a partial secondary barrier - and includes a leakage detection system capable of safely managing and containing fuel leaks."The system we have developed is cost-effective and production-friendly,” said Svein Konradsen, COO of PASSER Marine AS. “The pandemic has been challenging for many companies and for the development of this particular design.

Liquefied natural gas (LNG) cargoes are being diverted away from ports in India as surging coronavirus cases there hamper domestic gas demand, trade and shipping sources said on Monday.Six LNG tankers diverted away from India since April 20, changing the destination to northeast Asia, Europe and Kuwait instead, said Rebecca Chia, an analyst with data intelligence firm Kpler.Further diversions and reduction in shipments to India are expected this week, trade sources told Reuters…

Liquefied natural gas (LNG) ships are set to receive an earnings boost from restocking demand after colder conditions drove a scramble for supplies and record high freight rates, a top LNG tanker player said.A cold snap in Europe and Asia in January and in North America last month increased heating demand, prompting prices to jump in several markets, while inventories fell."You need to replenish stocks because of the cold northern hemisphere winter in both Asia and in Europe.

Avenir LNG on Thursday announced the launch of the Avenir Allegiance, dubbed the world’s largest dual-purpose, LNG supply and bunkering vessel, built by CIMC Sinopacific Offshore & Engineering Co. (CIMC SOE).The vessel was launched at 7 am on January 27th, 2021 at Zhoushan Changhong International Shipyard Co. Ltd. Due for delivery from CIMC SOE in the third quarter of this year, the vessel will be the first 20,000cbm vessel to join the Avenir LNG fleet and the world’s largest LNG bunkering vessel…

Freezing temperatures across Asia and Europe are driving liquefied natural gas (LNG) prices to record highs and pushing up the cost of shipping the fuel globally as buyers grapple with tight inventories and a shortage of tankers.Demand for super-cooled natural gas has surged in recent years as buyers, particularly China and India, move away from dirtier coal-polluting power plants. Prices had remained relatively low until late 2019, when unexpected cold weather and bottlenecked shipments caused prices to surge.Spot Asian LNG prices are up more than 1…